Spotify (SPOT) surged on the heels of its Q2 earnings report with shares climbing more than 13% on Wednesday after the company reported a beat on both revenue and monthly active users. But one analyst says the stock surge was an “overreaction” given the platform’s profitability struggles. “While we believe […]
profitability
McDonald’s says cutting off its Russian business has actually helped improve its operating profitability
A closed McDonald’s restaurant in Moscow, Russia.picture alliance via Getty Images. McDonald’s announced it was selling off its Russian business in May. This has helped improve the chain’s operating margin, its CFO said Tuesday. Revenues dropped in the quarter to June 30, largely thanks to the $1.2 billion cost of […]